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Leapfrogging Indian Aviation Leveraging Embraer Embraer is a once in a century opportunity for India to leapfrog in the aerospace industry, and India should not be caught up in economic philosophies of how to acquire it. Dr Jaijit Bhattacharya 13 July 2021, Last Updated at 6:33 am AFP/Getty Images outlookindia.com 2021-07-13T06:33:09+05:30 Also read If India aspires to be a major economy, that is in alignment with its promise to make its people more prosperous, then India needs to have a strong aerospace industry, that would contribute significantly to its GDP targets. The global aerospace market was worth USD 740 billion in 2017, excluding the space, missiles and UAV part of the market. This is roughly one fourth of India’s total current GDP. India has made giant strides in the space industry and is a recognized player globally. However, the same cannot be said for the aircraft and MRO industry, where India is practically a non-player.

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